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[Federal Register Volume 89, Number 245 (Friday, December 20, 2024)]
[Notices]
[Page 104252]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-30366]

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SECURITIES AND EXCHANGE COMMISSION

[OMB Control No. 3235-0785]

Submission for OMB Review; Comment Request; Extension: Rule 18a-
10

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and 
Exchange Commission (``Commission'') has submitted to the Office of 
Management and Budget (``OMB'') a request for approval of extension of 
the previously approved collection of information provided for in Rule 
18a-10 (17 CFR 240.18a-10), under the Securities Exchange Act of 1934 
(15 U.S.C. 78a et seq.).
    Exchange Act Rule 18a-10 provides an alternative compliance 
mechanism pursuant to which stand-alone security-based swap dealers 
(``SBSDs'') registered as a swap dealer that predominantly engages in a 
swaps business, and that meet certain conditions set forth in the rule, 
may elect to comply with the capital, margin, segregation, 
recordkeeping, and reporting requirements of the Commodity Exchange Act 
(``CEA'') and the U.S. Commodity Futures Trading Commission's 
(``CFTC'') rules in lieu of complying with SEC Rules 18a-1, and 18a-3 
through 18a-9. Rule 18a-10 requires the firm to provide a written 
disclosure to its counterparties after it begins operating pursuant to 
the rule. Furthermore, Rule 18a-10 requires the firm to immediately 
notify the Commission and the CFTC in writing if it fails to meet a 
condition in the rule.
    There are currently two stand-alone SBSDs operating pursuant to the 
alternative compliance mechanism. The Commission estimates that these 
two stand-alone SBSDs will each spend 5 hours per year updating the 
disclosure language required under paragraph (b)(2) of Rule 18a-10, and 
that one of these stand-alone SBSDs will file the notice with the 
Commission required under paragraph (b)(3) of Rule 18a-10, which will 
impose a burden of 5 minutes per year. Consequnenty, the Commission 
estimates that the total hour burden under Rule 18a-9 is approximately 
11 hours per year. Since the last approval of this information 
collection, the estimated total burden hours per year has decreased due 
to a decrease in the estimated number of respondents subject to the 
requirements of the Rule and as a result of certain initial burdens no 
longer applying.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information under the PRA unless it 
displays a currently valid OMB control number.
    Public Comment Instructions: The 30-day public comment period for 
this information collection request closes at the end of the day on 
January 21, 2025. The public may view the full information request and 
submit comments at https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202409-3235-002 or email comments to 
[email protected].

    Dated: December 16, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-30366 Filed 12-19-24; 8:45 am]
BILLING CODE 8011-01-P
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